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Andrew Tate Says He Can’t Stand Crypto Culture, Even Though He Profits From It
Former kickboxer, alleged rapist and human trafficker Andrew Tate has said he wants to “fix” the cryptocurrency industry, describing his plan as a way for “people to make money off the things they should be making money off of.”
Tate, who was authorized to leave Romania While awaiting trial on criminal charges, he has joined cryptocurrency influencer and Rug Radio creator Michael “Wire Boy” Jerome for a three-hour conversation on topics ranging from masculinity to COVID-19 vaccines to hedonism.
In addition to a separate British arrest warrant for rape and sexual assault charges, Tate is now accused of being a serial tax evader During his years in the UK, Tate was careful to avoid discussing his legal problems in the interview and, with some reluctance, explained his views on cryptocurrencies.
“My intention was to sit here and talk about anything but cryptocurrencies,” he told Jerome.
“My problem with cryptocurrencies as a whole wasn’t that they were making people rich. I’ve been in cryptocurrency for a long time,” Tate said. “I actually love cryptocurrency as an asset and I love cryptocurrency as a utility.
“If I spend large amounts of money, I like to do it in cryptocurrency. It’s much easier than in a bank, especially in my current situation,” he added.
Tate instead argued that it is the so-called degenerate culture surrounding cryptography that is “childish and absurd.”
“Before I got into this industry a month ago, the crypto culture was a mess,” he said.
Tate has harshly criticized the cryptocurrency community, accusing it of focusing only on quick profits.
“I didn’t like the crypto culture as a whole because it was all about getting in early, which I guess you could argue is a skill, but to some extent it’s luck,” he said. “In the real world, if you want to get rich, it’s almost impossible to get rich without learning lessons along the way.”
As for the recent wave of celebrity meme coins, Tate said he’s different.
“I would say I am one of the few influencers, if not the only one,” he said. “Attention is not influence, and celebrity cryptocurrencies have recently proven that with certainty: they have attention, but they can’t convert it into influence.”
Tate said he has a plan to bring legitimacy and significant revenue to the industry.
“Once I decided that I was going to fix this. I decided that I had to come up with an idea that would allow people to make money from the things that they were supposed to make money from, which is hard work, which is dedication,” he said. “But before I could do anything in cryptocurrency, I had to prove that I was the king of the cryptocurrency industry.”
Less than a month ago, Tate started Promote a Solana meme coin called $DADDY. Its value flew quicklydespite accusations of insider trading from blockchain watchers, and quickly has exceeded the value of celebrity Iggy Azalea’s $MOTHER token.
“I’m not altruistic. I’m not doing this because I’m a fucking good guy. I want to be right. I want to prove that I can do this,” he said. “I could tweet something right now and double it. I could do whatever I want. I have magical powers.”
After previously teasing that he would launch a “global tour” to promote $DADDY and his vision for cryptocurrency, Tate said he would soon explain the plan in more detail.
“I will be posting a very detailed video in the next few days explaining exactly how this will work,” he said.
As for Bitcoin, Tate said its proponents, or “maxis,” could do more than talk about it, especially when “everyone wants Bitcoin to be a million dollars, and that’s not happening. It’s going down.”
“They have this canned excitement and they just take that potential energy and instead of investing it in something positive, like going to the gym or starting another business so they can create fiat currency to buy as many Bitcoins as possible, they take that energy and direct it at anyone who will listen about Bitcoin.”
During the conversation, Tate emphasized the importance of leveraging profits to build successful companies that hire people and evolve, in contrast to the cryptocurrency industry.
“If you make a couple million dollars on cryptocurrency, you haven’t helped anyone, you haven’t helped anyone, you haven’t fed anyone, you haven’t done anything good for anyone — you’ve just robbed a lot of people of outgoing liquidity, that’s all,” he said.